Kiev: The 2012 European championships co-hosts Ukraine have promised to cut hotel costs during the event, amid concerns that prices are being cranked up to sky-high levels due to a lack of supply.
"The country's government will find ways to make the costs of staying in the country during the Euro-2012 more acceptable for our guests," Deputy Prime Minister Borys Kolesnikov said at a news conference.
"Poverty causes greed," he added. "We forgave our hotels their debts 10 years ago to stimulate their development. We counted on their loyalty but they lifted the prices."